The market for smoothies is perfectly competi tive. The table in the next column sets out the

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The market for smoothies is perfectly competi tive. The table in the next column sets out the market demand schedule.

s. What is the market price of a smoothie?

b. What is the market quantity of smoothies?

c. How many smoothies does each firm sell?

d. What is the economic profit made or economic loss incurred by each firm?

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